Over-assessed vs. comparables

525 Surf St

Lewisville, 75067-3525 · Denton County, Texas · commercial property · 6,746 sq ft · Texas Tax Code §42.26

$4,006estimated overpaid in property tax / year

This property's assessment sits above the comparable basis its tax bill should follow — a strong opening for an appeal.

What the public records show

Denton public rollTexas
Current assessment$706,790
What the comparable appraisals support$524,705
Estimated over-assessment$182,085 · 25.8%
Comparable basis$78/SF
Estimated tax saved / year$4,006

Straight from the public Texas roll. The estimated saving applies an estimated composite millage to the over-assessment. We adjust comparables for size, age, and location before we say a word about your property — and we never name owners.

The comparable basis

The 8 comparable appraisals behind the number

Each comparable is adjusted toward this property for size and age, then we take the median. Owners are never named — only the public assessment figures matter.

Comparable assessment $/SFAdjusted $/SFSizeBuilt
$40$406,510 SF1996
$57$576,596 SF1999
$60$616,500 SF1999
$65$646,096 SF1998
$74$746,932 SF1996
$82$826,970 SF1998
$119$1176,571 SF1996
$125$1266,578 SF2000

Why this is the lever

Texas Tax Code §42.26

Under §42.26, if a property is appraised above the median appraised value of a reasonable number of comparable properties (adjusted for size, age, and location), the value must be brought down to that median.

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